$840,000
●
House -
Off Market
68446 Terrace Road
Cathedral City, CA 92234
5 Beds
1 Bath
3,500 Ft²
$1,192,946
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model
About This Property
Schedule your private showing now for this beautiful, big and
voluptuous 3500sf, 5 bed, 4 bath, Charming Spanish Estate. Paid off
solar system goes with the home. Huge chef's kitchen. Spacious
dining room with a wall of French doors looking onto a huge covered
back patio running the entire length of the home ,against a doubly
large back yard with a pool, Jacuzzi, gazebo, a citrus orchard
bearing all your favorite types of fruit and apples,, grape vines
on the wrought iron railings, and multiple sitting and
entertainment areas. This home grabs you from the two story
entrance and the custom wooden front door, thru the front entryway
with its koi pond, to the high ceilings, tiled and wood floors of
the spacious interior. And, for those car aficionados, there's a
three car garage. Pictures are just a tease. You've got to see it
to believe it. This is not just a home. It's a lifestyle.
Unit Size
3,500 Ft²
Days on Market
89 days
Land Size
0.38 acres
Price per sqft
$257
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1955
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 13 months ago (CRMLS #219047423DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 5, 2020 | Sold | ||
| Sold | |||
| Aug 7, 2020 | Listed by RE/MAX Desert Properties | $899,999 | |
| Listed by RE/MAX Desert Properties | |||
| | |||
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Schedule your private showing now for this beautiful, big and voluptuous 3500sf, 5 bed, 4 bath, Charming Spanish Estate. Paid off solar system goes with the home. Huge chef's kitchen. Spacious dining room with a wall of French doors looking onto a huge covered back patio running the entire length of the home ,against a doubly large back yard with a pool, Jacuzzi, gazebo, a citrus orchard bearing all your favorite types of fruit and apples,, grape vines on the wrought iron railings, and multiple sitting and entertainment areas. This home grabs you from the two story entrance and the custom wooden front door, thru the front entryway with its koi pond, to the high ceilings, tiled and wood floors of the spacious interior. And, for those car aficionados, there's a three car garage. Pictures are just a tease. You've got to see it to believe it. This is not just a home. It's a lifestyle.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Sunair
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Listed by: Eric Meeks, RE/MAX Desert Properties
Last Updated: 13 months ago
Data Source: CRMLS, MLS# 219047423DA
Last Updated: 13 months ago
Data Source: CRMLS, MLS# 219047423DA
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